MakerDAO / Sky review

The account pays a variable rate of 3.6%, and variable is the point: the figure moves with market rates rather than being locked. The rate type is listed as variable, and there is no maturity date that fixes the rate for a set period.

No monthly fee is charged, and the fee field reads $0. The account is listed under the no-monthly-fee model, no monthly fee, so nothing is deducted each month from the balance you are trying to earn on.

The balance is non-custodial, so sUSDS sits in a wallet the holder controls rather than with a bank, and bank deposit protection does not cover it. The provider behind the account is Skybase International, which has run since 2017.

Yes. There is no lockup and no maturity date on the account, and sUSDS converts to USDS at any time. That makes it an easy-access holding rather than a term deposit, and the rate type is listed as variable.

It is listed as easy access, which makes it an easy-access savings account with no set term. Easy access is the most common kind of savings account on the site, at 75.2% of the accounts compared.

The variable rate of 3.6% is above the median headline rate of 3.06% and the savings accounts median of 3%. It ranks 185 of 488 brands on headline rate, which is mid table rather than a standout.

On headline rate, bunq lists 3.01% and Wise lists 3.29%, both under this account. Finteres advertises a much wider band, 0% to 36%, whose high end runs above this rate but whose low end runs well below it.

Support runs on email only, so a question goes by email. With a non-custodial balance, the holder keeps their own access details, so it helps to have them ready before raising a problem.